Dogecoin and Hyperliquid HYPE Suffer Steep Weekly Declines as AI Stocks Attract Capital Flow

Dogecoin and Hyperliquid’s HYPE token led the week’s cryptocurrency declines, each dropping nearly 10%, as investor appetite shifted toward AI-linked equities and away from major digital assets.

Dogecoin fell 9.6% over seven days to approximately $0.076, while HYPE recorded a 9.9% drop, marking the steepest losses among major cryptocurrencies. Ether fell 8.4% to around $1,581, and XRP slipped 7.8% to $1.06. Solana and Tron showed relative resilience, trading nearly flat for the week at $72 and $0.32 respectively.

Bitcoin displayed the most stability among major tokens, declining 5.3% to roughly $60,345 on Saturday. The Bitcoin price briefly touched lows near $58,800 on Friday before recovering, according to CoinDesk data.

“Bitcoin approached $58K at its lows late Thursday and early Friday, but in both cases, aggressive buying quickly pushed it back into the $60K range,” said Alex Kuptsikevich, chief market analyst at FxPro. “This pattern resembles margin position liquidations during downtrend spikes, followed by strong buying on pending orders during the recovery.”

Kuptsikevich added that ongoing weakening sentiment among institutional investors, coupled with their capacity to rapidly divest cryptocurrency holdings to shore up balance sheets, suggests continued downward pressure and potential sell-off spikes for leveraged traders.

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